... companies, incorporated in Pakistan, are for tax at a corporate rate of 39%; however, the effective rate is likely to differ on account of allowances and exemptions related to such factors as the ... focus on enhancing the supervisory capacity in recent years has helped SBP to achieve, either fully or largely, status for 28 of the 30 Basel core principles for effective banking supervision. ... attention; SBP has kept its focus on consolidating reforms introduced in preceding years and lifting the regulatory and supervisory framework to meet international best agendas alliances...